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RBI extends deadline to update KYC details on e-wallets

The Reserve Bank of India (RBI) extended the deadline that was imposed for e-wallet users to update their Know Your Customer (KYC) details on the...

Amazon launches ‘Amazon Pay UPI’ for Android users

Amazon has recently launched a new payment option – Amazon Pay UPI – in association with Axis Bank. This feature is currently only available to Android...

NPCI restricts P2P transactions to 10 per day

The National Payments Corporation of India (NPCI), in a circular, stated that they have decreased the number of peer-to-peer (P2P) transactions that can be...

Bank of Baroda partners with Truecaller to enable UPI payments

Bank of Baroda (BoB) has recently partnered with True Software Scandinavia, which is the firm that runs the Truecaller app, to offer an online...

466 million transactions made at PoS terminals worth Rs.93,860 crore in...

In May 2018, the monthly value of credit and debit card transactions done at point of sale (PoS) terminals have moved closer to Rs.1...

Whatsapp Pay to have round-the-clock customer service

Whatsapp Pay, the payments service of the popular messaging application, is expected to be launched soon. According to sources, it will be launched within...

Truecaller acquires Indian digital payment app Chillr

Truecaller, a free caller identification application has taken over Chillr, a domestic digital payment application, for an undisclosed amount. The announcement came in on...

WhatsApp’s entry into digital payments in India raises security concerns

The Reserve Bank of India has come up with new norms for the storage of digital payments data within the country. In its monetary...

Google Looks to Expand Tez to Other Asian Countries

Google Tez was launched in India in September 2017 as a competitor to mobile payment platforms such as Paytm and Alibaba. Fast-forward to six...

All UPI-based bank apps to be brought under Bhim app

In a move to further promote the adoption of unified payments interface (UPI), all the Indian banks including, public and private, will soon align...